448 Kaiolu Street

448 Kaiolu Street

Honolulu, HI 96815

$4,250,000
Price
11
Beds
5,258 Sq. Ft.
$808 / Sq. Ft.
5,258
Sq. Ft.
$808
per Sq. Ft.
a car parked in front of a building
a car parked in front of a white house
a front view of a house with garden
a front view of a house with a garage
a view of street with parked cars
a front view of a house with a yard
a side view of a house with street
a view of entryway with garden
a view of entryway
a close view of water heater room
a view of a house with a porch
a rug
a view of a patio with table and chairs
a view of a porch
a utility room with dryer and washer
a utility room with dryer and washer
a clock on a wall with a clock on the wall
a view of a small kitchen and a stove
a bathroom with a sink and glass door
a view of a workspace with furniture and a window
wooden floor in an empty room
a kitchen with granite countertop white cabinets and white appliances
a view of an empty room with wooden floor
a bathroom with a toilet sink and mirror

Description

Prize property completely renovated with stellar income in Waikiki. Look no further for a turn-key investment in the heart of Waikiki with excellent walkability scores--shops and restaurants, transportation, and world-famous Waikiki Beach, blocks from this gem. Eleven one-bedroom units meticulously refurbished for maximum rentability and 100% occupied. All units separately metered for electricity and tenants pay their own. Owned coin laundry. Add'l income from parking fee included in rent. Buyer...Prize property completely renovated with stellar income in Waikiki. Look no further for a turn-key investment in the heart of Waikiki with excellent walkability scores--shops and restaurants, transportation, and world-famous Waikiki Beach, blocks from this gem. Eleven one-bedroom units meticulously refurbished for maximum rentability and 100% occupied. All units separately metered for electricity and tenants pay their own. Owned coin laundry. Add'l income from parking fee included in rent. Buyer to accept existing survey to be provided in due diligence package with accepted offer.
  1. Listed by Christina L Dwight • License #RB-20978 • Commercial Inv. Strategies • (808) 429-1098

Property Details for 448 Kaiolu Street

View
None
Zoning
X2 - Apartment Precinct
Neighbourhood
WAIKIKI
Flood Zone
Zone AO
Stories/Levels
Two
Land Tenure
FS - Fee Simple

Location

Listing Courtesy of Commercial Inv. Strategies, Christina L Dwight, License #RB-20978
Add your commute
LISTING UPDATED: 04/19/2024 11:08 AM

Property Details for 448 Kaiolu Street

StatusActive
MLS #202406965
Days on Market37
Taxes$445 / month
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1953
Lot Size0.14 AC / 6,241 SF
CountyHonolulu County

Location

Listing Courtesy of Commercial Inv. Strategies, Christina L Dwight, License #RB-20978
Add your commute

Building Information for 448 Kaiolu Street

Stories-Residences11Year Built1953Building Size-Lot Size0.14 AC / 6,241 SF

Payment Calculator

$23,639 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,194

Property Taxes

$445

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 448 Kaiolu Street

Summary
Location and General Information
  • Topography: Level
  • City: Honolulu
  • County Or Parish: Oahu
  • State Or Province: HI
  • Location: Inside
Taxes and HOA Information
  • Tax Amount: $445.00
  • Tax Assessed Value: $2,435,300.00
  • Tax Assessed Value Improvements: $300,900.00
  • Tax Assessed Value Land: $2,134,400.00
  • Tax Paid By Seller: No
  • Tax Year: 2023
  • Parcel Number: 1-2-6-017-065-0000
  • HOA YN: No
Parking
  • Parking Features: Assigned
  • Parking Total: 4
  • Other Parking Features: None
Property
Lot Information
  • Property Frontage: Other
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family
  • SQFT Building: 5258.0
  • Sqft Total: 5258.0
  • Land Recorded: Land Court
  • Lot Features: Clear
  • Lot Size Area: 6241.0
  • Year Built: 1953
  • Year Remodeled: 2024
  • Building Type: Apartments, Multi Dwellings
Property and Assessments
  • Documents: Lease Documents, Other, P&L, Survey, Title Search
  • Photo Count: 25
  • Property Condition: Excellent
  • Special Listing Conditions: None
  • Disclosures: 1031 Exchange, Licensed Owner
  • Foreclosure: No
  • Set Backs: None
  • Supplement Count: 0
  • TMK Area: 126
  • TMK Condo Property Regime Number: 0
  • TMK Division: 1
  • TMK Parcel: 65
  • TMKPLAT: 17
  • TMK Section: 6
  • TMK Zone: 2
Utilities
  • Utilities: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Sewer: Connected
  • Utilities Meters: Electric, Individual, Water
Interior and Exterior Features
Exterior Features
  • Amenities: Secured Lobby
  • Construction Materials: Concrete
  • Easements: Electric, Other
  • Elevators Number Of: 0
  • Recreation Facilities: None
  • Roof: Custom/Specialty
Interior Features
  • Furnished: Partial
  • Laundry Facilities: Coin, Dryer, Washer
Multi Family
Multi-Family Information
  • Commercial Spaces Number Of: 0
  • Studio Units Number Of: 0
  • Unit One Number Of Bed: 11
  • Unit Three Number Of Bed: 0
  • Unit Two Number Of Bed: 0
  • Number Of Units Total: 11
Income & Expenses
  • Total Annual Operating Expenses: $47,376.00
  • Total Income: $275,280.00
  • Expenses Include: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
  • Net Operating Income: $227,904.00
  • Other Income: $3,600.00
Agent
Sale and Listing
  • DOM: 26
  • Listing Service: Full Service
  • Management Company Name: self managed
  • Management Company Phone: 000-0000
  • MLS: HI Central
  • MLS Area Major: Metro
  • Status: Active
  • Public Remarks: Prize property completely renovated with stellar income in Waikiki. Look no further for a turn-key investment in the heart of Waikiki with excellent walkability scores--shops and restaurants, transportation, and world-famous Waikiki Beach, blocks from this gem. Eleven one-bedroom units meticulously refurbished for maximum rentability and 100% occupied. All units separately metered for electricity and tenants pay their own. Owned coin laundry. Add'l income from parking fee included in rent. Buyer to accept existing survey to be provided in due diligence package with accepted offer.
  • Possession: At Closing, Subject To Tenancy
Showing and Remarks
  • Showing Instructions: Two Day Notice Reqd, Call Listor, Listor Must Be Present
Rental
Rent Information
  • Tenants Responsibilities Include: Cable TV, Electricity, Parking
  • Total Actual Rent: $22,640.00

Property History for 448 Kaiolu Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 448 Kaiolu Street

Taxable ValueLand$2,134,400Additions$300,900Total$2,435,300
Tax Record2022$8,275 ($690 / month)
Home Facts
Total Finished SqFt5,258 SqFtAbove Grade Finished SqFt5,258 SqFtStories2Lot Size6,241 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningAPT. PRECICountyHONOLULUAPN1-2-6-017-065

Schools near 448 Kaiolu Street

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
President Thomas Jefferson Elementary School
Public - PK to 5
President George Washington Middle School
Public - 6 to 8
Kaimuki High School
Public - 9 to 12
Voyager - A Public Charter School
Charter - K to 8
Rating
School
Distance
President Thomas Jefferson Elementary School
PublicPK to 5

President George Washington Middle School
Public6 to 8

Kaimuki High School
Public9 to 12

Voyager - A Public Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 448 Kaiolu Street, Honolulu, HI 96815

448 Kaiolu Street is a multi-family home for sale in Honolulu, HI 96815. This property was listed for sale on March 25, 2024 by Commercial Inv. Strategies, it's currently listed at $4,250,000. It has been on the market for a total of 37 days and was last sold on July 7, 2023. This listing's school district is Hawaii Department Of Education. Nearby schools include President Thomas Jefferson Elementary School, President George Washington Middle School and Kaimuki High School. 448 Kaiolu Street is a 11-bed, 0-bath, 5,258 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Commercial Inv. Strategies, Christina L Dwight, License #RB-20978